The Greedy Trader Weekly Analysis
Sign In Jan 19, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 15
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Uptrend Exhaustion
Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend
Energy Select Sector SPDR
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Relative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceTrend resistance at 77.53The Bollinger Bands are historically far apart
Move cursor over the icon to see details.

It was a fourth consecutive positive week for the Energy Select Sector SPDR (XLE). During the week, the XLE gained 2.43 points, or 3.24%, and closed at 77.42 on Friday, January 12, 2018. XLE was trading at average weekly trading volume.

Long-term trend: [See XLE long-term trend chart]
A long-term downtrend had started on June 23, 2014 at 101.52 and reached 49.93 on January 20, 2016. XLE lost 51.59 points, or 50.82%, in 82 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (64.77) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. XLE may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See XLE medium-term trend chart]
A medium-term uptrend had started on August 21, 2017 at 61.80 and reached 77.62 on January 12, 2018. XLE gained -15.82 points, or -25.60%, in 20 weeks. Price is near the trend high.

Weekly Technical Indicators: [See XLE weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 8, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See XLE short-term trend chart]
A short-term uptrend had started on December 8, 2017 at 66.69 and reached 77.62 on January 12, 2018. XLE gained -10.93 points, or -16.39%, in 35 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (77.53). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See XLE daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since November 30, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

The distance between the Bollinger Bands (13.17%) is close to one year high (11.15%). It is 133.81% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 89.33
Overbought Bearish
Williams' Percentage Range (W%R) 10.20
Overbought
Lane's Stochastic (%D-Slow) 93.18
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 90.76
Strong Overbought
Moving Average Converg./Diverg. (MACD) 1.54 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.00
Williams' Percentage Range (W%R) 5.90
Strong Overbought
Lane's Stochastic (%D-Slow) 85.65
Overbought
Greed/Fear Indicator (GFI) 82.17
Overbought
Moving Average Converg./Diverg. (MACD) 0.61
Trading Signals
Description Value Chart
Upper Bollinger Band 78.49
Weekly Trendline Resistance 77.53
Price 77.42
Daily Stochastic Crossing 77.28
Weekly Stochastic Crossing 76.52
Parabolic System 75.11
Weekly Trendline Support 74.46
20 Day Moving Average 72.91
50 Day Moving Average 70.39
Yearly Trendline Resistance 68.36
Lower Bollinger Band 68.30
Yearly Trendline Support 64.77
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 75.08
Low Date 01/10/2018
High 77.62
High Date 01/12/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 77.53
Support 74.46
Low 66.69
Low Date 12/08/2017
High 77.62
High Date 01/12/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.80
Low Date 08/21/2017
High 77.62
High Date 01/12/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.45
High Date 12/12/2016
Low 61.80
Low Date 08/21/2017
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 68.36
Support 64.77
High 101.52
High Date 06/23/2014
Low 49.93
Low Date 01/20/2016
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

Copyright© 2004-2016 All rights reserved.